Tuesday, April 21, 2009

April Trade # 4 - SELL EUR/USD

Unfortunately, this trade was stopped out at -42 pips / lot for a total of -168 pips.

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2:10pm (Manila)

I came in too early. I should have entered the trade just now. German PPI came out more negative which bearish for the EUR. A steady sell-off in the works.


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8:30am (Manila)

SELL EUR/USD @ 1.2915
STOP - 1.2957
Limit 1 - 1.2885
Limit 2 - 1.2857

I am trading four lots.

German PPI due out by 2pm. Forecasts is that it will still be negative.